Exam 10: Managing Money

It is never too early to start planning and saving for retirement.

What are the most common costs associated with a college education?

Your monthly fiscal goals are to keep your spending less than or equal to your income,increase your savings,and decrease the amount of any debts.

What is the estimated lifetime earning potential increase between a college graduate and a high school only graduate?

Basing your definition of wealth in probable reality can stunt your ability to go further in life,much the same way as a self-fulfilling prophecy can start a vicious cycle.

Researching the average income of positions in your chosen field can help you determine the value of your education.

Whether buying or leasing,purchasing a new car is:

Just as when you were a child and discovered that the fancy shoes from TV did not actually make you run faster (or fly),you often find that:

To 7 foot 1 inch Shaq,6 foot 2 inch Bill Murray is not a tall man; but to 5 foot 9 inch Sylvester Stallone,Bill Murray is a tall man.This is an example of:

Although it sounds illogical,you can begin to plan for unexpected expenses by:

What should you consider before making a purchase?

What sort of expense is a professional wardrobe?

Before signing a contract for a mobile phone,you should:

Your personal definition of wealth is based on:

Your clothing costs are part of your __________ __________ budget.

You can depend on using your credit card for emergency expenses.

What classification of expense is it if you contribute to a 401K or 403B account provided by your work?

It is important to include annual or semi-annual expenses such as textbooks and parking passes:

A personal budget plan lets you plainly see where your money goes.

Part of calculating your opportunity cost is accepting that your time has no value.